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CIS endowment query
pigback
Posts: 7 Forumite
HI there I would be grateful for any views on this.
I recieved a green letter in June of 2006 stating my policy was on track to repay a target amount of £15,500. The policy matures in September of this year & I have just recieved another letter from CIS informing me that my guaranteed minimum value on 15 Sept will be £13000, does a final bonus of £2500 sound feesable or have I been mugged.
I recieved a green letter in June of 2006 stating my policy was on track to repay a target amount of £15,500. The policy matures in September of this year & I have just recieved another letter from CIS informing me that my guaranteed minimum value on 15 Sept will be £13000, does a final bonus of £2500 sound feesable or have I been mugged.
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Comments
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£2500 on a target of £15,500 is reasonable. To confirm this, ask them what the current terminal bonus on the plan isI am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Thanks, will do0
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